Samir Mehta & Vijay Mallya steal the show this fortnight...

IIPM MANAGEMENT INSTITUTE

A trillion dollar economy – that’s what India is now; and although business confidence seems to have dipped this quarter (as per FICCI Business Confidence Index), India Inc. is still going strong. We have Samir Mehta, MD, Torrent Pharmaceuticals and flamboyant entrepreneur Vijay Mallya of UB Group and Kingfisher Airlines, who have completely overawed the global and Indian business circles. The past fortnight bore testimony to both men chasing their dreams. One was a grand success, while the other missed by a whisker. India Inc. derives immense encouragement from such successes, and even the failures keep fighting spirit alive and kicking...

Though Samir Mehta was not successful in his bid to acquire Merck KGaA’s generic business, he still made headlines. When bigwigs like Actavis of Iceland and Ranbaxy pulled out of the race, citing stretched valuations, Mehta of Torrent hung in there till the very end. He made a bold bid of $6.3 billion, which was only cut short by Mylan Laboratories’ $6.7 billion bid. The Torrent fight was backed by three global private equity giants – UKbased Greater Pacific Capital and Tudor Investment Corporation, and US-based Fortress Group. The motivation driving Mehta was – had he been successful, Torrent Pharma would have emerged among the top five global generic players in the world.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Blackberry’s new platform

IIPM PUBLICATION

Reliance Communications Limited (RCL) is soon going to have Blackberry as one of its handheld devices on offer! With this, Blackberry is going to have a CDMA variant; till now, it was available only with the GSM connections. Currently, only Bharti Airtel and Hutch-Essar offers the wireless e-mail solution facility, so Blackberry sets come with only connections from these two service providers. Look forward to brandishing a Blackberry soon – this time, on a Reliance connection!

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Maya now has the wherewithal to implement policies to ameliorate the condition of Dalits!

IIPM MANAGEMENT INSTITUTE

The ancient Hindu Law book, Manusmriti, prescribes that lower castes are destined to serve the upper castes, thereby prohibiting them from ruling and trading. And over the ages, this upper caste mentality has triggered many social rebellions by the Dalits. While some took to armed struggle to end class discrimination (Naxalism), others like Kanshi Ram & M. G. Ramachandran sought solace through democratic norms. Kanshi Ram’s protégé Mayawati, managing a majority on her own, in the just-concluded UP elections, has proved that democracy is much more effective & safer path for Dalit empowerment than the armed struggle.

Myriad schemes started by various governments for the welfare of the downtrodden since independence have failed to deliver & the Dalits remain as oppressed & poor as ever in most parts of the country. The deprivation in places like Bihar, Jharkhand, Chhattisgarh, Andhra Pradesh etc., has manifested itself in the form of Naxalism – armed struggle against the establishment. But, the Naxalites could never mobilise the backward and downtrodden in West Bengal, Tamil Nadu & Kerala because Dalit movements in these states were strong enough to take care of their aspirations and welfare.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative